Author/Editor: Ilhyock Shim, Sebnem Kalemli-Ozcan, Xiaoxi Liu.

Release Date:December, 2020

We quantify the effect of exchange rate fluctuations on firm leverage. When home currency appreciates, firms who hold foreign currency debt and local currency assets observe higher net worth as more...

Release Date:November, 2004

The paper shows that a coinsurance arrangement among countries can, in principle, play a useful role in helping countries bear the risks involved in developing their economies and integrating into more...